Steel Connect, Inc. (STCN) financial statements (2020 and earlier)

Company profile

Business Address 1601 TRAPELO ROAD
WALTHAM, MA 02451
State of Incorp. DE
Fiscal Year End July 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:303392123148198206
Cash and cash equivalents303392111131119184
Short-term investments   12177923
Other undisclosed cash, cash equivalents, and short-term investments0 (0)    
Receivables1181129981111131124
Inventory, net of allowances, customer advances and progress billings24244834404965
Inventory24244834404965
Funds held for clients1614     
Deposits current assets  12131322 
Other undisclosed current assets353113681410
Total current assets:224213264258320414406
Noncurrent Assets
Operating lease, right-of-use asset62 
Property, plant and equipment909110719222325
Long-term investments and receivables      7
Long-term investments      7
Intangible assets, net (including goodwill)405420447   4
Goodwill257257254   3
Intangible assets, net (excluding goodwill)148163193   1
Other noncurrent assets879571010
Total noncurrent assets:56551856323293346
TOTAL ASSETS:789732827281349447452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities196199167109152159145
Accounts payable86867871114120105
Accrued liabilities1101138838383940
Employee-related liabilities     0 
Deferred revenue43
Debt21126   4
Restructuring reserve  00322
Customer advances and deposits13 22 
Other liabilities36394226405152
Other undisclosed current liabilities12576  (22)(4)
Total current liabilities:268257291149195211199
Noncurrent Liabilities
Long-term debt and lease obligation41436938360587873
Long-term debt, excluding current maturities36636938360587873
Finance lease, liability0 
Operating lease, liability48 
Liabilities, other than long-term debt1018119102013
Deferred revenue00
Deferred tax liabilities, net   11
Liability, pension and other postretirement and postemployment benefits 7   64
Restructuring reserve    0 0
Other liabilities101111910138
Other undisclosed noncurrent liabilities80   (7)(5)
Total noncurrent liabilities:43238739469689181
Total liabilities:700644684218263302280
Temporary equity, carrying amount353535    
Stockholders' equity
Stockholders' equity attributable to parent54531086386145172
Common stock1111111
Additional paid in capital7,4787,4777,4687,4577,4567,4527,451
Accumulated other comprehensive income21342414
Accumulated deficit(7,426)(7,426)(7,364)(7,399)(7,373)(7,312)(7,293)
Total stockholders' equity:54531086386145172
TOTAL LIABILITIES AND EQUITY:789732827281349447452

Income statement (P&L) ($ in millions)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Revenues839820645437459562723
Revenue, net437459562723
Cost of revenue(676)(670)(544)(400)(434)(507)(649)
Gross profit:16315010136255475
Operating expenses(173)(175)(110)(56)(65)(69)(80)
Operating loss:(9)(25)(8)(20)(41)(14)(5)
Nonoperating expense(33)(37)(27)(5)(16)(2)(6)
Investment income, nonoperating5534(5)150
Foreign currency transaction gain (loss), before tax     2(0)
Interest and debt expense(38)(42)(30)(8)(11)(11)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes384230811115
Loss from continuing operations before equity method investments, income taxes:(42)(62)(35)(24)(57)(16)(12)
Income (loss) from equity method investments001 10(0)
Loss from continuing operations before income taxes:(42)(62)(34)(24)(56)(16)(12)
Income tax expense (benefit)(5)(5)71(3)(5)(2)(5)
Net income (loss):(46)(67)37(27)(61)(18)(16)
Other undisclosed net income attributable to parent   1  0
Net income (loss) attributable to parent:(46)(67)37(26)(61)(18)(16)
Preferred stock dividends and other adjustments(2)(2)(1)    
Net income (loss) available to common stockholders, basic:(48)(69)35(26)(61)(18)(16)
Dilutive securities, effect on basic earnings per share1      
Other undisclosed net income available to common stockholders, diluted  8    
Net income (loss) available to common stockholders, diluted:(47)(69)44(26)(61)(18)(16)

Comprehensive Income ($ in millions)

1/31/2020
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
Net income (loss):(46)(67)37(27)(61)(18)(16)
Other comprehensive income (loss)(1)(2)(2)2(1)(10)0
Comprehensive income (loss):(48)(68)35(25)(63)(29)(16)
Other undisclosed comprehensive income, net of tax, attributable to parent   1  0
Comprehensive income (loss), net of tax, attributable to parent:(48)(68)35(24)(63)(29)(16)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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